Wednesday, 17 July 2013

An insight of the Textile industry and the Policies Framed

Textile
industry remains the second largest employment generating sector
after Agriculture for both skilled and unskilled labors in the
country. According to a survey, the sector straight away provides
employment to over 35 million people within the country. Though, was
once unorganized but it completely changed after India economy opened
to liberalization. The strong domestic and foreign demand of fiber
has enormous helped this sector to flourish. And today, India earns
an approx of 30% of its total foreign exchange through textile
exports.

The Government has readily prepared a robust model
to encourage, promote and produce the Textile and the opportunities
availability in the sector. The Export Policies are revised in the
budget every five year including Foreign Trade Policies. This also
includes the various incentives under focus market scheme and Focus
Product Scheme including several others.

Below
discussed are various schemes and promotions, brought in effect by
the Government if India for textile sector.

Other
than allowing 100% FDI (Foreign Direct Investment) in textiles under
the automatic route. The Government introduced Welfare
schemes,
under whichthe
Government provides Health and Life insurance coverage to 161.10
million weavers and ancillary workers under the hand loom weaver s
comprehensive welfare scheme, while 73000artisans were provided
health coverage under the Rajiv Gandhi Shilpi Swasthya Bima Yojana.

The
E-Marketing
platforms recently developed by the Central cottage Industries
corporation on India (CCIC), and the Handicraft and Handloom
Exports Corporation of India (HHEC) has significantly helped in
simplifying marketing issues. And various marketing initiatives are
being taken in order to push and promote niche handloom products.

Skill
Development, A
great emphasis has been laid on skill development in 12th
Five Year Plan, an integrated skill development scheme was
introduced in this Five Year Plan that aims at training 2.675, 000
people within the next 5 years. The scheme would cover all sub
sectors of the textiles and apparels, handicrafts, hand looms, jute
and Sericulture.

Other
than this, The Government has also promoted Credit
linkages,
Financial
Package for waivers of overdues
and Textile
parks.The
sustainable growth this industry has witnessed in decades has
tremendously boast and strengthen our economy. To keep it in the
lineage the Government and the private sector has great role to
play.

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About Me

NITRA was formed in 1974 jointly by Government of India, Uttar Pradesh Government and Textile industry to undertake, promote, foster and engage scientific research for the extension of knowledge to or connected with the textile and clothing industry.